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Saturday, December 05, 2009
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OPINION

BIO-TECH & GENETICS: Balanced regulation of biotech
The recent move to release Bt-Brinjal for commercial production in India has ignited controversy and debate. Rapid advances in gene sequencing and manipulation technology are driving a dramatic transformation in the life sciences. As is often ...

INCOME TAX: Complicating the penal law
Tax laws all over the world provide for different types of levies for defaults. Delay in the payment of tax results in levy of interest which is compensatory. Inaccuracy in furnishing the particulars of income invites the penal provision ...

INCOME TAX: Wrong signal to foreign investors
Section 119 of the Income-Tax Act, 1961 authorises the Central Board of Direct Taxes (CBDT) to issue orders, instructions and directions to income-tax authorities “for the proper administration of the Act” and provides, in ...

TAXATION: Paradigm changes in treatment of losses
The Direct Taxes Code Bill, 2009 breaks away from its predecessor in many significant ways when it comes to treatment of losses. While losses from the head capital gains remain a taboo and will have to be set off only against positive ...

TAXATION: Ready for GAAR?
The Draft Direct Taxes Code introduces for the first time in the Indian tax laws provision relating to GAAR (General ...

INTERVIEW: USO fund can boost rural telecom
With the auction of 3G expected in January, the availability of increased bandwidth will expand the VAS applications that can be delivered to the customers, foresees Mr Neeraj Jain, Director, Strategic and Commercial Intelligence, ...

EDITORIAL: A matter of intensity
After a great deal of huffing and puffing that led to needless controversies, suspicions and allegations, the Government has finally done the sensible thing. In his statement in the Lok Sabha on Thursday, the Minister for Environment, Mr ...

LETTERS: ‘Boring banking'
This has reference to the feature “Should banking be made boring?” ( Business Line, December 3). The RBI Governor, Dr D. Subbarao, has called for lateral thinking, entrepreneurship and high management calibre for Indian bankers ...

LETTERS: Food insecurity
The editorial “Tackling food prices” ( Business Line, December 3) analyses in depth the causes for the ‘abated' prices of food grains moving northwards relentlessly. Food security for the ‘aam aadmi'was ...


Columnists: C Gopinath Harish Bijoor G Chandrashekhar S Murlidharan Sharad Joshi Mohan Murti S Balakrishnan Bharat Savur B S Raghavan Ganesh Challa Bhanoji Rao Swati T Banusekar Ramanujam Sridhar Ranabir Ray Choudhury Rasheeda Bhagat P.V. Indiresan P Devarajan S Muralidhar R K Raghavan B Venkatesh S Venkitaramanan




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Markets (Dec 4)
Nifty (at close)5,116.60 (-15.10)
US Dollar (Buy/Sell)46.28/29
Brent crude (a bbl) Rs3,580
Gold (a gram) Rs1,716
Silver (a kg) Rs30,830


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